AssuredPartners Investment Advisors LLC Acquires New Shares in HSBC Holdings plc (NYSE:HSBC)

AssuredPartners Investment Advisors LLC bought a new stake in HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,545 shares of the financial services provider’s stock, valued at approximately $522,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in HSBC by 110.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,901 shares of the financial services provider’s stock valued at $719,000 after acquiring an additional 8,340 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of HSBC by 14.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 215,748 shares of the financial services provider’s stock worth $9,750,000 after purchasing an additional 27,495 shares during the last quarter. Cerity Partners LLC lifted its stake in HSBC by 65.7% in the 3rd quarter. Cerity Partners LLC now owns 92,136 shares of the financial services provider’s stock valued at $4,164,000 after buying an additional 36,543 shares in the last quarter. Larson Financial Group LLC grew its holdings in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after buying an additional 450 shares during the last quarter. Finally, Bank of Montreal Can increased its position in HSBC by 124.3% during the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after buying an additional 94,991 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

HSBC opened at $58.39 on Friday. HSBC Holdings plc has a 1 year low of $39.04 and a 1 year high of $61.88. The company’s 50 day simple moving average is $55.54 and its 200 day simple moving average is $49.61. The stock has a market capitalization of $207.92 billion, a PE ratio of 9.42, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, sell-side analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.33%. HSBC’s dividend payout ratio (DPR) is 115.81%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HSBC. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.